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(Offshore) Subsea 7 has issued updates on its offshore energy activities in its 2Q results review. Subsea 7 has issued updates on its offshore energy activities in its 2Q results review. Offshore China, the company completed work on CNOOC’s Lingshui project using the Seven Borealis and Seven Eagle vessels. In the Norwegian sector, the Seven Arctic installed umbilicals for Aker BP’s Ærfugl Phase 2-Skarv tieback... Continue Reading →
Simply Blue Energy and Subsea 7, the consortium behind the proposed Salamander floating wind project, have signed an MOU for potential incorporation of ERM’s Dolphyn hydrogen technology. Simply Blue Energy and Subsea 7, the consortium behind the proposed 200-MW Salamander floating wind project, have signed a memorandum of understanding for potential incorporation of ERM’s Dolphyn hydrogen... Continue Reading →
Italian cabling company Prysmian Group has secured a new contract with Petrobras to deliver deep-water electro-hydraulic umbilicals and specialized offshore and logistic services. As part of the contract, Prysmian will provide 200 kilometres of subsea umbilicals using both steel tube and thermoplastic technology for upgrades in brownfield and greenfield projects in Brazil. The €66 million... Continue Reading →
(Reuters) Oil and gas services company SBM Offshore on Thursday reported a better than expected decline in core profit for the first half of 2021 as it looks to develop floating offshore wind projects. After reducing spending sharply in the face of a pandemic-induced demand collapse, major energy companies have profitted from surging oil and... Continue Reading →
The consortium of companies in charge of the Mero project (Bloco de Libra), announced the investment decision for its fourth phase. Located in deep waters, 180 kilometers off the coast of Rio de Janeiro, the block is located in the pre-salt area of the Santos Basin. The FPSO Mero 4 will have a capacity of... Continue Reading →
U.S. offshore engineering and construction services firm McDermott International has set up emission reduction targets, outlined in its recent sustainability report. McDermott’s aim is to reach a 50% reduction in scope 1 and 2 greenhouse gas (GHG) emissions by 2030, as well as a 35% reduction in scope 3 GHG emissions for ten key supply... Continue Reading →
Singapore’s Dyna-Mac has secured a fabrication project from a Chinese company for a total provisional contract sum of S$114 million (about $84.3 million). The fabrication project was awarded to Dyna-Mac by China Merchants Heavy Industry (Jiangsu) Co. Ltd. (CMHI). The contract with CMHI is for the supply, fabrication, and construction of topside modules to be executed... Continue Reading →
(PetroNoticias) In preparations for the start of operation of the long-awaited Route 3 gas pipeline, Petrobras launched a new nationwide tender for the provision of services and supply of goods involving the onshore stretch of the line. The activities involve commissioning, pre-operation, departure and assisted operation of the onshore portion of Route 3. The bidding... Continue Reading →
Offshore drilling contractor Transocean reduced its quarterly losses despite lower revenues and is encouraged by the current upcycle in the offshore drilling market, expecting rig utilisation and day rates to improve moving into the next year. Transocean reported a similar sentiment in its 1Q 2021 financial report back in May 2021 when the rig owner... Continue Reading →
Dutch FPSO provider SBM Offshore has signed a letter of intent with Petrobras for a 22.5 years lease and operate contracts of FPSO Alexandre de Gusmão for deployment in Brazilian waters. The Libra consortium partners have also made a final investment decision (FID) for the project. The unit will be deployed at the Mero field... Continue Reading →
Brazil Energy Insight 